Skip to comments.Turkish defence giant struck by economic fallout from Syria incursion
Posted on 01/25/2018 3:49:59 PM PST by Texas Fossil
Turkeys defence corporation Aselsan could be one of the first economic casualties of the ongoing Turkish military operation in northern Syria, after it was forced to cancel its planned secondary public offering to foreign investors.
Aselsan is the worlds 58th largest defence company, with exports accounting for a large portion of its annual revenue of $1.7 billion. It is also a main provider of equipment and electronic defence systems for the Turkish military.
The proposed secondary public offering fell through due to the lack of a suitable offer, a company representative said in a statement to the Istanbul Stock Market.
(Excerpt) Read more at ahvalnews.com ...
The failure of this secondary offering which was made on Dec 27th has nothing to do with the incursion into Syria a month later.
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